More than $8bn investment already allocated to transport and infrastructure projects in and around expo site
Expo 2020 Dubai is currently driving a high volume of construction activities across the emirate, with more than $8 billion investment already allocated to transport and infrastructure projects in and around the expo site, a report released for The Big 5 has said.
According to the Expo 2020 Dubai – Infrastructure Development Report prepared by BNC Networks, the total estimated value of project investments to develop the Expo site is between $2 billion and $4 billion.
Dubai is currently building its own World Expo landmarks, the report added, just like the Eiffel Tower in Paris and the Atomium in Brussels. Many of the Expo 2020 Dubai-related construction projects will remain as permanent structures once the Expo is over, with its legacy reaching beyond the 438-hectare site, it added.
In line with the Dubai 2020 Urban Master Plan to build thriving metropolitan districts and a modern infrastructure, some high-value projects related to Expo 2020 include the Dubai Metro Red Line Extension ($2.9 billion), the Expansion of Al Maktoum International Airport – Phase 2 ($2 billion), and Improvement of Roads Networks – Phases 1 to 5 ($390 million).
Expo 2020 Dubai’s Vice President of Real Estate and Delivery, Ahmed Al Khatib, will be discussing the impact of World Expo on Dubai’s economy and landscape on November 26, 2017 at The Big 5’s Excellence in Construction Summit.
“The award of Expo 2020 has provided a strong stimulus for construction activities in Dubai: the Emirate has nearly 200 active transport projects at the moment, with a combined estimated value of $34 billion,” said Josine Heijmans, portfolio event director of The Big 5.
“It’s therefore a true honour to host Al Khatib, as a keynote speaker at the Excellence in Construction Summit,” he added.